SABIC UK Petrochemicals Limited (“SABIC”), a global leader in chemicals and petrochemicals, sought to enforce a foreign judgment against Punj Lloyd Limited (“PLL”), an Indian multinational specializing in EPC services. The case involved executing the judgment and initiating winding-up proceedings before the Delhi High Court. Majmudar & Partners represented SABIC and provided strategic legal support.
Assistance with Dispute Resolution
Majmudar & Partners assisted in executing the foreign judgment and handling the winding-up proceedings. The firm’s contributions included:
- Recognition and Enforcement of Foreign Judgment: Assessed the enforceability of the foreign judgment under Indian laws, specifically the Code of Civil Procedure, 1908, and initiated the necessary legal proceedings to execute the judgment in India.
- Filing and Managing Winding-Up Proceedings: Filed a petition before the Delhi High Court for winding up PLL due to its inability to satisfy the judgment debt. The team ensured that all procedural and substantive requirements were met to expedite the proceedings.
- Strategy Development and Advocacy: Developed a comprehensive legal strategy to counter all defenses raised by PLL. Represented SABIC in court, presenting compelling arguments to establish the legitimacy and enforceability of the foreign judgment.
- Compliance with Indian Legal Framework: Ensured compliance with Indian laws and procedures for recognizing and enforcing foreign judgments, aligning the process with SABIC’s broader business objectives.
The enforcement of the foreign judgment against PLL and the subsequent winding-up proceedings underscores the challenges of cross-border debt recovery. With Majmudar & Partners’ strategic guidance, SABIC was able to assert its legal rights effectively, navigating India’s judicial and regulatory frameworks.
Majmudar & Partners is a trusted advisor in resolving complex cross-border disputes and enforcing foreign judgments in India. Contact us to learn how we can provide strategic legal solutions for your global enforcement and recovery challenges.